Business, general

Australia's screen queen

Article Abstract:

Despite the distraction of takeover bids, Eva Presser's television network Sunraysia Television has profited from regional television concerns. In 1985, she bought STV-8, her first regional television station, and sold it in 1989 for $18 million. Sunraysia bought Perth station STW-9 for $95 million, a price later felt to be too high. Through refinancing and clever management techniques, STW-9 profits have increased by more than 100% since 1995. Sunraysia recorded a half-year ending February 1999 profit of $4.55 million.

Television Broadcasting, Television broadcasting stations, TV Networks, Television broadcasting industry, Television networks, Presser, Eva, Sunraysia Television

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Tatts buys a ticket on the Net

Article Abstract:

Tattersall's Gaming Systems has had a robust 1999 financial performance and is moving towards online gambling. Tattersall's revenue has increased by 10.2% to $11.7 billion for the year to June 30, 1999. Chief General manager Peter Gillooly will retire on June 30, 2000, and is expected to become chairman of Tattersall's new online business. Gillooly says Tattersall's will be focused on interactive sports and event wagering, global chat, and conventional gaming.

GM scare forces farmers to stand by their plants

Article Abstract:

The Australian government will issue issue food labeling laws requiring manufacturers to state whether their products contain genetically-modified materials. The food industry will trace the supply chain source of its products/ingredients to determine which have been modified. The new regulations were prompted by a consumer inquiry about genetically-modified beans used in a product from Protein Technologies International Holdings Inc.